Looks to address growing business demand, Obama govt’s outsourcing stance
Even as the US hardens its protectionist stance against outsourcing, top-tier information technology firms are ramping up their presence in their largest market, which contributes close to 65% of India’s outsourcing revenue. Software services companies point out that they are on track with hiring plans both on campus and laterals for this year in the US, with an eye to meeting business demand while also keeping the Obama administration in good humour.
Infosys has been adding 500 people every quarter and 2,000 a year in the US and plans to keep this number steady this year too. “As long as unemployment remains high in the US, you will find the government trying to encourage job creation. Indian IT services companies are creating jobs in the US. For our consulting jobs and client-facing work we need people to be hired locally (in US),” S Gopalakrishnan, executive co-chairman Infosys, told FE.
R Chandrasekaran, group chief executive, technology and operations, Cognizant, said, “Given the growth that we are projecting, we do see a need for hiring talent across geographies. Today, with customers looking for a global delivery model, we need to focus a lot more in globalising our talent footprint. We are visiting a lot of educational institutions for campus hiring in the US. Last year we almost doubled our campus intake in the US. We also started campus hiring in continental Europe." He added that campus hiring will involve a mix of technology and management graduates.
Experts say Indian software-services firms are playing a big role in employing US nationals, who have been hit hard by the slowing economy. According to Nasscom, India has more than 580 offshore development centres in 75 countries. Kumar Parakala, chief operating officer, KPMG India, feels outsourcing is a “necessity of life”. “For businesses to remain competitive, record profitable growth and innovate, they need to look at outsourcing. No matter what regulation or proposals are introduced, the need for outsourcing will remain because that is how our businesses are structured. Government policies do have an impact, but the need continues to exist,” he said.
“We continue to hire both in North America and UK for key jobs, especially the customer-facing profiles like technology and solution applications. We are looking at increasing the strength further,” said Saurabh Govil, senior vice-president, HR, Wipro Technologies.
Despite mature markets recording a sluggish growth